Nio (NYSE: NIO) shares have recovered 15.1% over the past three months but are still down nearly 39% year-to-date. Supply chain challenges, a persistent shortage of chips, macro pressures, and COVID-19 restrictions have hit Nio and other electric vehicle (EV) makers. Nio shares were also impacted by the risk of delisting from the U.S. stock exchange, but the company addressed this fear by listing its shares on the Hong Kong and Singapore stock exchanges. While near-term pressures continue to bother Nio investors, Wall Street analysts are highly bullish on the stock.
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NIO (NYSE:NIO)
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